Realtor fees are typically the highest cost of selling a house.<\/p>\n\n\n\n
The nationwide average commission rate for a seller's agent is 2.88% of the home's sale price. Sellers also commonly cover the buyer's agent fee, which averages 2.82%. That's a total of 5.70% in realtor fees \u2014 more than $22,000 on a $400,000 home sale!<\/p>\n\n\n\n
The good news is you have several options to save on realtor fees. Some strategies can save you thousands without hurting your chances of a successful sale, while others may put your timeline or bottom line at risk.<\/p>\n\n\n\n
Below, we break down how each method works, the pros and cons, and whether it\u2019s a good fit for your situation.<\/p>\n\n\n\n
When you sell a home, you typically pay realtor commission for both your listing agent and the buyer's agent \u2014 about 5\u20136% of the sale price combined. You don't pay it out of pocket. It comes off the top at closing, before you see the proceeds.<\/p>\n\n\n\n
Here's what 6% total commission looks like on a $500,000 home sale:<\/p>\n\n\n
<\/p>\n\n\n\n <\/p>\n\n<\/div><\/div><\/th> Rate<\/strong><\/th> Amount on $500K sale<\/strong><\/th><\/tr><\/thead> Listing agent fee<\/td> 3%<\/td> $15,000<\/td><\/tr> Buyer's agent fee<\/td> 3%<\/td> $15,000<\/td><\/tr> Total paid by seller<\/td> 6%<\/td> $30,000<\/td><\/tr><\/tbody><\/table>